What's your favourite stock market indicator?

[No.1MoneyMaker]

I'm using ADX combined with RSI. Which ones are you using?

 

[Pat]

Bollinger bands and moving averages work for me.

 

[doctorj]

Front page of the newspaper seems to work pretty well

They picked the top quite well...

 

[bunyip]

I'm using ADX combined with RSI. Which ones are you using?

I use a bare candlestick chart without any indicators on it.
Over the years I gradually weaned myself off indicators as I came to realise that price action, and more specifically the chart patterns formed by the price action, are the most reliable indicators of what's likely to happen next.

Bunyip

 

[MS+Tradesim]

inn-dee-kay-tors??

 

[Sean K]

Kauri's budgie is a pretty good guide.

But he needs to be combined with Yogi's astroanalysis.

 

[ithatheekret]

Trend and math works fine for me .

 

[Kauri]

Kauri's budgie is a pretty good guide.

But he needs to be combined with Yogi's astroanalysis.

I've met Yogi... and I would not do that to my Budgies... seriously..
Cheers
.........one flew over the budgies nest

 

[tech/a]

What's your favourite stock market indicator?

---UP---

 

[brentxi]

ok, so i use several indicators... ive only been trading for about a year now so by no way am i an expert but these seem to help.

- bollinger bands and moving averages around the price then
- RSI
- MACD
- ADX

 

[Trembling Hand]

ok, so i use several indicators...
- bollinger bands and moving averages around the price then
- RSI
- MACD
- ADX

How do you read so many indicators and react on a 1 min time frame. Would make me giddy.

For me candles charts with volume and a couple of MAs.

 

[Trembling Hand]

Oh I forgot my about my favorite one.

a clock with the seconds hand on it.

the Big money print the bars that they want and do most of the work in the last half of any bar they are printing.

 

[disarray]

sorry tremblinghand, you mean big money makes most of their plays at toward the end of the day?

 

[tech/a]

This is a 120 min chart of BHP.
Each bar is 120 min Change of color----- change of day.
From this chart it could be arued that big money takes advantage of
Early morning exhuberance to either off load OR buy up.



Software is VSA (Volume spread analysis) Tradeguider

 

[Trembling Hand]

sorry tremblinghand, you mean big money makes most of their plays at toward the end of the day?

I was talking about intraday. You often see a Bar on a 1 min chart go from a change of trend possibility right up to the last 10 sec only to reverse and end up looking like a bad idea all of a sudden. Sucking more traders into the opposite direction of the trend. This example is of the SPI today at 10:22.

 

[blaze87]

erm, i haf a question and it is also regarding indicator


what's the accuracy and reliability of the following volume indicators
ie
Accumulation Distribution
Chaikin Money Flow (CMF)
Volume Rate of Change
Volume Oscillator (PVO)
Demand Index
On Balance Volume (OBV)
Money Flow Index

which would be most benefical to compliment with MACD indicator

 

[Trembling Hand]

what's the accuracy and reliability of the following volume indicators

To do what, predict the weather?

 

[IFocus]

erm, i haf a question and it is also regarding indicator


what's the accuracy and reliability of the following volume indicators
ie
Accumulation Distribution
Chaikin Money Flow (CMF)
Volume Rate of Change
Volume Oscillator (PVO)
Demand Index
On Balance Volume (OBV)
Money Flow Indexwhich would be most benefical to compliment with MACD indicator

Blaze invariably when traders start out we wade our though many indicators often cluttering up charts with many. One will say buy another will say sell and another will be some where in between or they will all say the same thing at the wrong time.

Indicators are as a whole not accurate or generally reliable IMHO. I often hear of traders building mech systems find that they cannot build a trading system using common indicators.

A good trading practice is to come up with a trading method where you will chose maybe one indicator to help give you confluence on a number of high probability factors that will cause you to take a trade.

Often indicators are use purely for permission to take a trade (psychology) if you stay in the game long enough this will make sense one day.

An good example of indicator use IMHO is that traders take trades using some form of price action or price pattern and maybe use an indicator to confirm they are on the right side of the trend. They use the indicator as a filter rather than a trigger to take a trade.

There are some good examples over on the forex threads

Hope this helps

Focus

 

[Buffettology]

Blaze invariably when traders start out we wade our though many indicators often cluttering up charts with many. One will say buy another will say sell and another will be some where in between or they will all say the same thing at the wrong time.

Indicators are as a whole not accurate or generally reliable IMHO. I often hear of traders building mech systems find that they cannot build a trading system using common indicators.

A good trading practice is to come up with a trading method where you will chose maybe one indicator to help give you confluence on a number of high probability factors that will cause you to take a trade.

Often indicators are use purely for permission to take a trade (psychology) if you stay in the game long enough this will make sense one day.

An good example of indicator use IMHO is that traders take trades using some form of price action or price pattern and maybe use an indicator to confirm they are on the right side of the trend. They use the indicator as a filter rather than a trigger to take a trade.

There are some good examples over on the forex threads

Hope this helps

Focus

Pretty much all the expert TA advice I have been reading lately gives the same advice as above.

 

[blaze87]

Blaze invariably when traders start out we wade our though many indicators often cluttering up charts with many. One will say buy another will say sell and another will be some where in between or they will all say the same thing at the wrong time.

Indicators are as a whole not accurate or generally reliable IMHO. I often hear of traders building mech systems find that they cannot build a trading system using common indicators.

A good trading practice is to come up with a trading method where you will chose maybe one indicator to help give you confluence on a number of high probability factors that will cause you to take a trade.

Often indicators are use purely for permission to take a trade (psychology) if you stay in the game long enough this will make sense one day.

An good example of indicator use IMHO is that traders take trades using some form of price action or price pattern and maybe use an indicator to confirm they are on the right side of the trend. They use the indicator as a filter rather than a trigger to take a trade.

There are some good examples over on the forex threads

Hope this helps

Focus

i know what u mean, but im sure some of the above indicators gives more false signals than others. so all things being equal, why wouldn't u pick the one that has the least probability of errors?